real estate bills

More California Homeowners Rights pass state legislation

I recently reported on bills AB278 & SB900, which focused on dual-track foreclosure restrictions. The state legislature is continuing to stay busy with additional "California Homeowner Bill of Rights." The new laws are:

SB1474: Grants CA Attorney General the ability to convene statewide grand juries to investigate and indict perpetrators of financial crimes involving victims in several counties.

AB1950: Extends the statute of limitations for mortgage-related crimes from one to three years.

AB2314: Gives local governments and receivers various tools to fight neighborhood blight caused by foreclosed homes.